Platinum SpinCo, Inc.: vice president David G Furlong sold 2,568 shares

What happened

• David G Furlong, vice president and director, disposed of 2,568 shares of Platinum SpinCo, Inc. common stock on Oct 1, 2026.
• The filing says the 2,568 shares were acquired in a pro rata distribution by Modine Manufacturing Company for no consideration and, following that distribution, each Platinum SpinCo share was exchanged in a merger for 0.44619 shares of Gentherm common stock. At Gentherm's closing price of $33.63 on Oct 1, 2026, the exchange equals about 1,145.816 shares of Gentherm, valued at about $38,534.39.

Key details

• Transaction date: Oct 1, 2026. Filing date: Oct 5, 2026.
• Transaction code: J (other acquisition or disposition).
• Acquisition detail (footnote F1): 2,568 shares were received in a pro rata distribution by Modine Manufacturing Company for no consideration, in a transaction exempt under Rules 16a-9 and 16b-3.
• Disposition detail (footnote F2): Each Platinum SpinCo share was disposed of by merger pursuant to the merger agreement in exchange for 0.44619 shares of Gentherm common stock; Gentherm closing price on Oct 1, 2026 was $33.63.
• Shares owned after the transaction: not reported in this filing.

Why it may matter

• This was a distribution followed by a merger exchange rather than a market sale; the filing reports an in-kind conversion into Gentherm shares.
• This was not reported as an option exercise or a gift in the Form 4.
• A filing does not show why the insider traded or why the company acted.